United in Technology for Aging

Revenues for technology and services for digital health services and associated aging in place is expected to triple by 2015, according to the latest research from Parks Associates.  “The digital health industry has many subsectors, and near-term growth will be uneven across these segments,” said Harry Wang, director of Parks Associates’ health research team. "Adoption of chronic-care monitoring will grow slowly, and medication management and senior fall-detection programs will expand at above-average rates. The real engines of growth in this industry will be mobile care solutions and tracking applications."

At CES 2011, we had the opportunity to catch up with a relatively new alliance that was formed to help its members communicate their message regarding this growing sector that Parks Associates is tracking.  The Aging Technology Alliance, AgeTekTM  consists of various vendors of products and services that provide technology-based alternatives to traditional "brick and mortar" patient care and monitoring.  In this video interview, two of the directors of this alliance, Peter Radsliff of Presto and Laura Mitchell of GrandCare Systems, discuss the alliance and show examples of a few of their members' products.